Quant Network’s native token, QNT, is seeing a strong bullish surge after news broke of its pivotal partnership with the European Central Bank (ECB) on the development of a private digital euro project. The announcement has triggered renewed investor confidence, driving QNT’s price up by over 11% in the past 24 hours, with continued gains seen over the past week and month.
Price Surge and Market Momentum
According to crypto.news, QNT has gained more than 20% in the last 7 days and over 50% in the past month, significantly outperforming the broader cryptocurrency market, which is up around 1.80% during the same period. Despite the recent rally, QNT remains about 80% below its all-time high, leaving room for further growth.
Quant’s market capitalization now stands at approximately $1.3 billion, with daily trading volume exceeding $30 million, up 5.7% from the previous day. This rise in volume signals increased market interest and potential investor accumulation.
Technical Breakout and On-Chain Growth
QNT has recently broken through a long-standing bearish trendline, crossing the $80 resistance level, which analysts view as a critical technical breakout. The move suggests renewed upward momentum, with potential targets in the mid-$100s if the rally continues.
Adding to the bullish sentiment is a 25.27% increase in daily active addresses on the Quant network, as reported by TradingView. The surge in network activity reflects rising user interest and engagement, often a leading indicator of sustained price appreciation.
Strategic ECB Partnership Fuels Optimism
The rally was largely triggered by the announcement that Quant Network has been selected to work with the ECB on the design of a programmable digital euro. The ECB has been exploring the issuance of a digital euro since late 2023, aiming to modernize the European payments landscape.
In an official statement, Quant wrote:
“We are honored to have been selected, and as leaders in distributed ledger technology, programmability and interoperability, we have the technical expertise, strategic insight and extensive institutional experience to deliver a programmable payment use case as part of the ECB’s wider vision for a digital euro.”
Quant’s role in the ECB’s digital euro project reinforces its positioning as a trusted institutional partner in the blockchain space, known for its focus on interoperability, compliance, and enterprise-grade infrastructure.
Market Outlook
The combination of a major institutional partnership, technical bullish breakout, and on-chain growth has fueled optimism around QNT’s long-term potential. With increasing investor attention and growing momentum, Quant appears well-positioned to maintain its upward trajectory as the digital euro initiative unfolds.
